https://www.mymineprotocol.com/

MYMine-MYM, Singapore (2026)

14/12/2022

Binance withdrawls hit $1.9 billion in 24 hours 🙄
Within the past 24 hours, cryptocurrency exchange Binance has seen outflows of over $1.14 billion due to rising FUD or fear, uncertainty and doubt within the crypto ecosystem.
According to Binance CEO Changpeng “CZ” Zhao, the exchange has seen this before, and he believes “it is a good idea to ‘stress test withdrawals’ on each CEX [centralized exchange] on a rotating basis”.
Source : coingape
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06/12/2022

Breaking: Elon Musk’s Twitter 🚨
To Reportedly Launch “Twitter Coin"
Twitter CEO Elon Musk has confirmed working on introducing payments accepting fiat and cryptocurrencies. Moreover, Musk has several times hinted at integrating Dogecoin into Twitter after he took over the social media giant. Despite recent rumors of “Twitter Coin” and being active on Twitter, Elon Musk hasn’t confirmed the news yet
Elon Musk has been working on bringing back some accounts banned by Twitter. Musk has lifted bans from a dozen Dogecoin-tweeting accounts in the last week. He has also remained bullish on Dogecoin saying “Dogecoin to the Moon”.
Source : coingape
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05/12/2022

David Gokhshtein stands by Bitcoin at $250,000 🚀
Founder of Gokhshtein Media and former U.S. congressional candidate David Gokhshtein tweeted that he does not expect Bitcoin to reach $1 million as many news articles have recently been claiming. Instead, he expects the flagship cryptocurrency to reach a "modest" $250,000, and that would do for him
Gokhshtein has tweeted earlier that he holds large amounts of Bitcoin and Ethereum, as well as XRP, DOGE and Shiba Inu tokens.
Source : u.today
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01/12/2022

Bitcoin price quickly pushed above the $17,000 🔥
level exploded higher on the heels of some of the most remarks by Fed Chair Jerome Powell in nearly a year.
In a speech at Hutchins Center on Fiscal and Monetary Policy, Brookings Institution, Washington, DC, Fed Chair Jerome Powell revealed the central bank would slow its aggressive rate hikes, beginning as soon as this upcoming December’s meeting.
Markets responded strongly to the upside, with Bitcoin price taking back the $17,000 level. Ethereum gained 6% and other altcoins saw a relief rally. The Dow Jones Industrial Average closed 2% higher, the tech-heavy Nasdaq climbed 4%, and the S&P 500 added 3% and reclaimed its 200-day moving average.
Source : Bitcoinist
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30/11/2022

What is Proof of Reserve 🤔
Proof of Reserve or PoR is a verifiable auditing procedure that helps enhance transparency to centralised cryptocurrency reserves. PoR uses cryptographic proofs, checks the ownership of public wallet addresses, and recurring third-party audits to certify a centralised platform’s fund reserves.
It helps customers understand about the platform’s financial position and whether it has adequate funds to match customer deposits. Users can also check account balance using the cryptographic method.
a PoR audit is a third party crypto auditor employed by an exchange to ensure it assets on the balance sheet are balanced the customer holdings. It is done using the ‘Merkle Tree’ technique in a cryptographic process, it said in a statement.
RoR offers customers more security to their assets. It is the only tool through which the unregulated and unlicensed exchanges can prove everything is in order.
Source : outlook
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29/11/2022

BlockFi files for bankruptcy as FTX fallout spreads 🚨

BlockFi announced on Nov. 28 that it had filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidiaries. The move comes after several days of speculation on the company’s financial health after the collapse of FTX.
According to a statement, BlockFi has $256.9 million on hand. It has filed motions “to pay employee wages and continue employee benefits without disruption.” It also seeks to “establish a Key Employee Retention Plan to ensure the company retains trained internal resources for business-critical functions” and has created an internal plan to reduce expenses.
BlockFi International has also filed for bankruptcy with the Supreme Court of Bermuda, according to the statement.
Source : cointelegraph
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25/11/2022

Binance Targets $1B Recovery Fund
for Distressed Crypto Assets 🔥
Binance is targeting $1 billion or more for a previously announced recovery fund to buy distressed crypto assets, CEO Changpeng "CZ" Zhao said in an interview with Bloomberg Television on Thursday.
“If that’s not enough we can allocate more,” CZ said, according to the news outlet.
CZ has been a key figure in the industry the last few months, cementing his position as a key leader, after the fall of FTX and its CEO Sam Bankman-Fried. Earlier this month, he raised concerns about FTX on Twitter and ditched a plan to acquire it to save it from its financial troubles.
Last week, CZ announced that Binance would be launching a recovery fund "to help projects who are otherwise strong, but in a liquidity crisis." The exchange will follow a "loose approach where different industry players will contribute as they wish," CZ said on Thursday. A detailed blog post will come soon.
Source : coindesk
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24/11/2022

Crypto winter's not that cold: Coinbase survey shows 62%
of investors increased allocations over 12 months 🤔
A Coinbase survey found that crypto winter may not be as cold as expected.

The 2022 Digital Assets Outlook Survey shows that 62% of investors who are currently invested in crypto increased their allocations in the past 12 months compared to 12% who decreased allocations.

"This is evidence that institutional investors have continued to take a long-term view of the asset class even as prices have fallen," the exchange said. "Looking ahead, 58% of investors expect to increase their allocations over the next three years."

About 59% of investors are currently using or planning to use a buy-and-hold approach, according to the poll.
Source : theblock
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23/11/2022

Grayscale won’t share proof of reserves,
citing ‘security concerns’ 🔒 🤔
Crypto investment firm Grayscale won't show proof of reserves after bitcoin and ether products fall to new all-time lows.
“Due to security concerns, we do not make such on-chain wallet information and confirmation information publicly available through a cryptographic Proof-of-Reserve, or other advanced cryptographic accounting procedure,” Grayscale said Friday afternoon on Twitter.
The firm acknowledged its decision to keep its reserve information private would be a “disappointment” to some investors. Crypto firms are being pressed to show more information about their reserves after crypto behemoth FTX filed for bankruptcy protection earlier this month.
“But panic sparked by others is not a good enough reason to circumvent complex security arrangements that have kept our investors’ assets safe for years,” Grayscale said.

Source : theblock
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21/11/2022

DeFi, NFT Remains Resilient Despite FTX
Implosion: DappRadar 🧭
The fallout from FTX’s collapse has been devastating, and the market is poised for more losses. But according to a recent report by DappRadar, Web3 remains resilient.

Centralized services are on the losing side. With the contagion unfolding, the decentralized finance (DeFi) sector, too, has been impacted. But the user activity in the sector appears to be returning to levels from the previous month.
According to a recent Dapp Radar report shared with CryptoPotato, the total value locked (TVL) across DeFi platforms has plunged over 20%, from $83 billion to $65 billion, since the beginning of the month. The TVL of the market leader – Ethereum – fell from $51 billion on November 1 to $41 billion on November 13, noting a 14% decrease.
The ETH staking yields have increased by over 10.6% in the network’s largest liquid staking service provider – Lido – translating to its highest ever recorded. However, stETH lost its peg to ETH and is currently trading at 0.9883.
BNB’s TVL also suffered a similar fate and was down 14%, reaching $7.3 billion, while that Tron’s TVL was down by over 25%, decreasing from $6.1 billion to $4.6 billion. Other networks, such as Avalanche, Polygon, and Arbitrum, also recorded a TVL decrease of 25.06%, 8.76%, and 10.26%, respectively.
Dapp Radar noted that the subsequent meltdown from the now-bankrupt crypto exchange appears to have had little effect on gaming dapps, its UAW skyrocketing on November 10 all the way to 900,000.
Meanwhile, activity in gaming chains EOS, Hive, Wax, Ronin, and IMX remained mostly remained unfazed and did not face any significant fluctuations.

Source : cryptopotato
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17/11/2022

MetaMask rolls out NFT portfolio
value tracker with new partnership 🦊
MetaMask users will now have the ability to track the value of their nonfungible token (NFT) portfolio through its latest product. The wallet provider announced a new feature on Nov. 2 tha will bring updated pricing information for the over 5,000 NFT collections held by MetaMask users.
The new utility comes as a result of a partnership with NFTBank, an NFT portfolio management tool and valuation engine. To create its predictions, NFTBank uses machine learning algorithms which update users with price estimates for individual NFTs within a collection.
According to the announcement, the algorithm takes into consideration parameters such as floor price, rarity and bid-ask distribution when calculating a price value. The tool allegedly offers around 90-plus percent accuracy in price predictions.
MetaMask also unveiled another wallet feature for institutions, just weeks before the announcement of the portfolio tracker. In collaboration with Cobo, it unveiled new custodial features for institutional NFT investors.
Source : cointelegraph
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14/11/2022

Bitget partners with Lionel Messi ⚽️
Leading global cryptocurrency exchange Bitget announces that it has entered into a partnership with Lionel Andrés Messi, the iconic Argentinian footballer and winner of a record-breaking seven Ballon d’Or Awards. The announcement kicks off the engagement between Bitget and Messi, with a film production a month before the FIFA Football World Cup tournament.
Messi is one of the most popular and widely recognized sports stars and a recipient of six European Golden Shoes. In November, Messi will be joining the Argentinian national team as its captain for his fifth World Cup, hosted by Qatar this year.
Bitget, established in 2018, is a leading cryptocurrency exchange with innovative products and social trading services as its key features. Its flagship product of social trading, One-Click Copy Trade, has amassed over 55,000 professional traders, with around 1.1 million followers, reflecting Bitget’s long-term efforts and achievements in crypto social trading.
Source : cointelegraph

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